SOURCE: Adaptive Planning

January 28, 2010 08:00 ET

Nonprofits Increasingly Depend on Adaptive Planning to Manage Through Challenging Economy

Company Delivers Critical Budgeting, Forecasting and Reporting Capabilities to Nonprofits Facing Surging Demand Yet Depleted Funding for Services

MOUNTAIN VIEW, CA--(Marketwire - January 28, 2010) - Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions for companies of all sizes, today announced strong ongoing momentum in the nonprofit sector, with 2009 marking the third consecutive year that the company has doubled its nonprofit client base.

Adaptive Planning now counts 66 nonprofit organizations among its customers. Nonprofits that have adopted its solutions range in size from community organizations to major international operations, including American Red Cross (multiple chapters), Catholic Charities USA, Chicago Urban League, College Summit, Goodwill Southern California, National Association of Public Hospitals and Health Systems, Rotary International, San Francisco Ballet, Silicon Valley Community Foundation, USA Volleyball, and YMCA (multiple chapters).

The recession has created particular challenges for many nonprofits, as demand for social services has escalated at the same time that operating costs have increased, charitable giving by individuals and corporations has decreased, and foundation assets have fallen. In this environment, Adaptive Planning's on-demand solution for budgeting, forecasting, and reporting provides an affordable way for nonprofit organizations to quickly gain visibility into their financial outlook, analyze what-if scenarios, and make key decisions to improve operating efficiency.

"Rolling out Adaptive Planning across 18 branches of the YMCA has allowed our organization to significantly improve the quality and depth of our information," said George DiFlavis, CFO, Valley of the Sun YMCA. "Despite having more than 60 users across the organization with varying levels of financial expertise, the transition to a new budgeting and planning process has been easy because the application is visually and functionally intuitive. Business units are now more accountable for their performance. And we've dramatically improved our decision making capabilities, since we're now able to make quick adjustments to branch forecasts and conduct scenario planning that enables us to see the potential impact of tactical and strategic actions across the total association."

Adaptive Planning's solutions help nonprofits manage critical budgeting, forecasting, reporting and cash management activities, such as:

--  Planning for and rolling up complex organizations, including multiple
    funds and programs
--  Conducting more frequent re-forecasting and what-if analyses
--  Allocating personnel and other expense categories across funds and
    programs
--  Identifying restricted and unrestricted funds easily and accurately
--  Enabling cross-fund reporting, CIP reporting, and cross-department
    personnel reporting
--  Supporting collaboration and document sharing across an organization
    

Adaptive Planning's on-demand, software as a service (SaaS) model is ideal for nonprofits. Pricing is extremely affordable, starting at just $50 per user per month; no new hardware, software, or IT support is required; and the solution deploys quickly, averaging just two weeks of consulting time.

About Adaptive Planning

Adaptive Planning is the worldwide leader in on-demand financial planning and reporting solutions that improve operational efficiency, strengthen companywide collaboration, and drive better business decisions in companies of all sizes. Adaptive Planning makes it easy to move beyond spreadsheets and automate budgeting, forecasting, reporting, and "what-if" analysis, without the cost and complexity associated with traditional business intelligence and BPM software. With free software, free trials, and both on-demand and on-premise deployment options, Adaptive Planning is the fastest and easiest way for finance organizations to enhance their agility and strategic value. Adaptive Planning is headquartered in Mountain View, Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.

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